Horizon Aircraft Provides Update on Technical Flight Testing Progress

~ Continued Flight-Testing Progress Approaching Full Transition to Forward Flight of the Company’s Large-Scale Prototype eVTOL Aircraft ~

~ Dynamic Video Footage of Most Recent Flight Test ~

~ Continuing Detailed Design of the Full-Scale Cavorite X7 Hybrid eVTOL Aircraft, on Track for Completion and Testing in 2026 ~

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced several updates as the Company continues to prove critical technology elements of its unique aircraft.

Brandon Robinson, Chairman and Chief Executive Officer of Horizon commented, “The extremely positive test results continue to validate our innovative technology, our practical approach, and the team’s capability to deliver on our target timeline.”

Mr. Robinson continued, “Over the past several months, Horizon has made incredible progress. I am continually amazed with the technical aptitude of our team as it clears one engineering hurdle after another. The transition flight testing program has taken significant strides forward, with the aircraft demonstrating impressive stability and control all the way from hover to approaching transition speeds.”

Click here to see our most recent test flight video

Key Technical Highlights

Validation of the patent pending yaw control system, a key component of the patented HOVR Wing technology, has also been an important element in the recent testing phases. This system enables precise hover and performance in strong crosswinds, providing a smoother and more comfortable ride for passengers as well as enhanced stability and control for pilots.

Full-scale propulsion unit production has commenced. With the detailed design and aerodynamic analysis sufficiently developed, physical production and testing of the core vertical lifting fan technology represents a significant technical step towards building the full-scale prototype aircraft.

Horizon’s large-scale prototype continues to reach technological milestones as it moves through its rigorous flight-testing program governed under Transport Canada’s Special Flight Operations Certificate (SFOC). Transitional flight tests remain on schedule to be completed by mid-summer and the aircraft continues to demonstrate expected stability and control.